tourism and hospitality

How creativity wins in the tourism and hospitality industry

Researchers point out that portfolio analyses evaluate an organization’s portfolio of business units by assessing the profitability and attractiveness of the industries the organization competes in as well as the competitive edge of an organization’s business units. Therefore, portfolio analyses offer important insights into the organization’s offerings. 😊 Lifecycles capture the evolution of the tourism …

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tourism and hospitality

How innovation helps a business succeed in the tourism and hospitality industries

Portfolio analyses evaluate an organization’s portfolio of business units by assessing the profitability and attractiveness of the industries the organization competes in as well as the competitive edge of an organization’s business units. As a result, portfolio analyses can offer key insights into the organization’s offerings. Lifecycles capture the evolution of industries, products, services and …

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tourism and hospitality

Insights into future business development in tourism and hospitality

An in-depth SWOT analysis will provide more insights into the future business development of The Hibiscus Tree, a thriving business in the tourism and hospitality industry in spite of the pandemic. Strengths and weaknesses: First and foremost, the organization’s internal strengths include the convenient access to authentic key ingredients such as Sichuan chilies and effective …

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tourism and hospitality

How The Hibiscus Tree achieved their success in the tourism and hospitality industry

Because the business owner of the Hibiscus Tree uses Xero as the bookkeeping and accounting software, the financial performance of this organization is automatically measured. At the end of each month, the business owner checks the accounting software to find out the numbers. For example, if the profit in May is higher than the profit …

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